1. Show the effect of each transaction on the items listed next to the transactions(increase, decrease, no effect)

Current Ratio Quick Ratio Net Cash Flow From

Operating Activities

1.Sold treasury stock

at a price above cost

2. Issued 3-year bonds and

nvested the proceeds in

marketable securities.

3. Wrote off an uncollectible

receivable against the allowance

account.

4. Declared a cash dividend to

be paid in three months.